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RBI Monetary Policy

BE/RBI NOTE/2/2018 No change in the Repo Rate is the current news in the six member Monetary Policy Committee (MPC), meeting headed by RBI Governor Urjit Patel.  The Repo Rate remains at 6 percent and the Reverse Repo Rate at 5.75 percent. The Reserve Bank of India, meeting amidst the storm in the global market

07 Feb

RBI Monetary Policy

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BE/RBI NOTE/2/2018 No change in the Repo Rate is the current news in the six member Monetary Policy Committee (MPC), meeting headed by RBI Governor Urjit Patel.  The Repo Rate remains at 6 percent and the Reverse Repo Rate at 5.75 percent. The Reserve Bank of India, meeting amidst the storm in the global market

SBI LIKELY TO BRING DOWN MIN BAL ON SB Accounts

There is a likelihood of SBI slashing down the minimum balance requirement for savings accounts to the extent of 70 per cent which is at present Rs. 3000 for metros, Rs. 2000 for semi urban and Rs. 1000 for rural areas.  Also, the mandate for maintenance is likely to be changed to quarterly from monthly

15 Jan

SBI LIKELY TO BRING DOWN MIN BAL ON SB Accounts

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There is a likelihood of SBI slashing down the minimum balance requirement for savings accounts to the extent of 70 per cent which is at present Rs. 3000 for metros, Rs. 2000 for semi urban and Rs. 1000 for rural areas.  Also, the mandate for maintenance is likely to be changed to quarterly from monthly

LOANS OF BELOW Rs. 2 LACS CATEGORY RECORD HIGHEST NPAs

Encouraged with the Policies and guidelines, Housing Loans disbursed below Rs. 2 lacs, formed a major segment of the Housing Loan portfolio, ultimately ending up with a whopping increase in the NPAs of such loans given below   Rs. 2 lacs. Higher NPAs were seen, on the Housing Loans released by State owned PSU Banks, when

12 Jan

LOANS OF BELOW Rs. 2 LACS CATEGORY RECORD HIGHEST NPAs

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Encouraged with the Policies and guidelines, Housing Loans disbursed below Rs. 2 lacs, formed a major segment of the Housing Loan portfolio, ultimately ending up with a whopping increase in the NPAs of such loans given below   Rs. 2 lacs. Higher NPAs were seen, on the Housing Loans released by State owned PSU Banks, when

Increase In Household Bank Deposits

BE/RBI/46/2017 A report from RBI states that there is increase in Household Deposits held in banks. The increase is said to be around 2 percentage points and stands at 63.5 per cent in FY 2017 which is said to be due to note bank driven spurt in saving deposits by individuals. The Government had pulled

23 Dec

Increase In Household Bank Deposits

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BE/RBI/46/2017 A report from RBI states that there is increase in Household Deposits held in banks. The increase is said to be around 2 percentage points and stands at 63.5 per cent in FY 2017 which is said to be due to note bank driven spurt in saving deposits by individuals. The Government had pulled

Monetary Policy Committee (MPC) – Lending Rates

BE/RBI/45/2017 The 6-member Monetary Policy Committee (MPC), headed by Governor Urjit Patel of the Reserve Bank of India (RBI) recently has taken a call to keep the Repo or key lending rate unchanged at 6 per cent, however, leaving the inflation concept aloof.  The prediction was on the basis of consumer inflation which increased in October to 3.58

15 Dec

Monetary Policy Committee (MPC) – Lending Rates

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BE/RBI/45/2017 The 6-member Monetary Policy Committee (MPC), headed by Governor Urjit Patel of the Reserve Bank of India (RBI) recently has taken a call to keep the Repo or key lending rate unchanged at 6 per cent, however, leaving the inflation concept aloof.  The prediction was on the basis of consumer inflation which increased in October to 3.58